Browsing:Crypto

OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking
4 days ago 3 mins read

OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking

SAN FRANCISCO, UNITED STATES, June 1st, 2023 OKX, a leading Web3 company, today introduced its proposal for a new, open-source BRC-30 protocol that enables staking of BRC-20 tokens and Bitcoin in order to earn BRC-30 tokens. The protocol is open-source and available for all developers to build upon. OKX Wallet will add support for the BRC-30 standard according to the protocol, enabling users to earn passive income by staking BRC-20 tokens or Bitcoin on Web3 Earn without actively trading. This complements the existing range of curated DeFi earning products already available through the platform. The introduction of BRC-30 and its staking functionalities is driven by

Binance has lost a quarter of its market share since February
4 days ago 1 min read

Binance’s Dominance Shrinks as Competition Heats Up

Binance, the world’s largest cryptocurrency exchange, has lost a quarter of its market share since February. The decline comes amid regulatory crackdowns in the United States and the end of free trading promotions. In February, Binance was barred from issuing its BUSD stablecoin in New York. BUSD accounted for about 40% of Binance’s monthly trading volume at the time. In March, the Commodity Futures Trading Commission (CFTC) sued Binance for operating an unregistered trading desk. Binance also ended a free trading promotion in March that had led to a surge in trading volume. “Once those ended, trading volume naturally went

Police in Kazakhstan have arrested a 23-year-old man suspected of operating a fake cryptocurrency trading platform.
4 days ago 1 min read

Major Crackdown in Kazakhstan: Police Shut Down Fraudulent Crypto Exchange and Arrest Key Figure

Police in Kazakhstan have arrested a 23-year-old man suspected of operating a fake cryptocurrency trading platform. The man, whose name begins with L and was born in 1999, is accused of deceiving residents of the city of Almaty by offering them the ability to raise money by using his “online crypto platform.” However, when the victims attempted to withdraw their funds from the platform, they were unable to do so. Police suspect that the man did not intend to fulfill his obligation to return the money. The platform is thought to have amassed at least $7,000 worth of investment from

San Francisco-based crypto wallet company Magic has raised $52 million in a strategic funding round led by PayPal Ventures.
4 days ago 1 min read

PayPal Invests $52 Million in Magic, a Crypto Wallet-as-a-Service Provider

San Francisco-based crypto wallet company Magic has raised $52 million in a strategic funding round led by PayPal Ventures. The round also saw participation from Cherubic, Synchrony, KX, Northzone, and Volt Capital. Magic provides non-custodial crypto wallet infrastructure for companies that wish to give their customers an easy and secure Web3 experience. The company uses a unique software development kit (SDK) that is implemented to allow customers to instantly create wallets using their existing email, social media accounts, or SMS. To date, Magic has created more than 20 million unique wallets. Magic’s current customers include a number of well-known brand

Tether (USDT) has seen its market capitalization surpass $83 billion
4 days ago 1 min read

Tether (USDT) Market Cap Surpasses $83 For the First Time Since TerraUSD Collapse

Tether (USDT), the world’s largest stablecoin, has seen its market capitalization surpass $83 billion. This marks a significant recovery from the $20 billion it lost in the wake of the TerraUSD (UST) collapse in May 2022. Paolo Ardoino, the CTO of Tether, attributed the recovery to the stablecoin’s “proven resilience” and “unwavering commitment to industry-leading transparency practices.” He also noted that Tether’s “ability to weather market volatility” has solidified its reputation as a “trustworthy entity.” During the turbulent times that shook the cryptocurrency market last year, Tether and other major stablecoins witnessed a significant decline in their market capitalization as

DOGE Transactions Soar 8,220% in May
4 days ago 1 min read

Dogecoin Transactions Soar 8,220% in May

The number of daily transactions on the Dogecoin network spiked by 8,220% in May, according to data from IntoTheBlock. Several factors contributed to the remarkable spike in daily transactions over Dogecoin. Firstly, the recent price rally of Dogecoin attracted renewed attention and engagement from crypto enthusiasts. The surge in value likely incentivized investors and traders to actively transact with the digital asset. Moreover, the launch of new Dogecoin-related projects and initiatives further fueled the surge in activity. As developers and entrepreneurs continue to explore the potential of Dogecoin, the community witnessed the emergence of innovative use cases and applications, creating

MaskEX Accelerates Global Expansion Ambitions, Anticipates 300% Workforce Growth by Q3
5 days ago 3 mins read

MaskEX Accelerates Global Expansion Ambitions, Anticipates 300% Workforce Growth by Q3

Dubai, UAE, June 1st, 2023 MaskEX, the next-generation crypto exchange, is embarking on a significant hiring spree to support its ambitious global expansion plans, particularly in the MENA, CIS, and SEA regions. The company aims to expand its global workforce by an impressive 300%, growing from its current size of 100 employees to a robust team of 300 before the end of Q3. MaskEX’s strategic hiring drive encompasses multiple departments, including marketing & communications, business development, IT, legal, and compliance. The exchange is committed to building a diverse and talented workforce to enhance its operations worldwide. As part of its

Massive Gaming Partners with Neowiz & IntellaX to Launch Free Revolutionizing Online Hold’em Game, House of Poker, in June 2023
5 days ago 2 mins read

Massive Gaming Partners with Neowiz & IntellaX to Launch Free Revolutionizing Online Hold’em Game, House of Poker, in June 2023

Seattle, United States, May 30th, 2023, Chainwire Massive Gaming, in collaboration with Neowiz and IntellaX, is thrilled to announce the upcoming launch of House of Poker, a free and revolutionary online hold’em game. With an official release date set for June 2023, House of Poker is set to redefine the gaming experience for poker enthusiasts worldwide. House of Poker has received certification from iTech Labs, ensuring a fair and realistic gaming environment for players. The game offers an extensive range of hold’em tournament contents and incorporates the best live face chat feature, allowing players to engage with opponents in real

The community behind the popular memecoin Shiba Inu (SHIB) has burned over 6.3 billion tokens in a week.
5 days ago 1 min read

Shiba Inu Burns Over 6.3 Billion Tokens in a Week

The community behind the popular memecoin Shiba Inu (SHIB) has burned over 6.3 billion tokens in a week. This is a significant amount of tokens, and it shows that the Shiba Inu community is committed to reducing the supply of SHIB tokens. Token burning is the process of permanently removing tokens from circulation. This can be done by sending tokens to a burn address, which is a wallet that cannot be accessed by anyone. When tokens are burned, they are effectively removed from the market, which can help to increase the value of the remaining tokens. There are a number

US Senator Elizabeth Warren said that crypto is being used by drug traffickers and other criminals to move money around the world anonymously.
5 days ago 2 mins read

US Senator Elizabeth Warren: Crypto is Being Used to Traffic Fentanyl

US Senator Elizabeth Warren has called for regulation of cryptocurrency in order to combat money laundering. In a congressional hearing on Wednesday, Warren said that cryptocurrency is being used by drug traffickers and other criminals to move money around the world anonymously. Warren cited a recent report by the Drug Enforcement Administration (DEA) that found that cryptocurrency is being increasingly used to facilitate fentanyl trafficking. The report found that drug traffickers are using cryptocurrency to purchase fentanyl from overseas suppliers and distribute it domestically. Warren argued that cryptocurrency is a “major enabler” of money laundering because it allows criminals to

Polygon (MATIC) has announced partnership with Deutsche Telekom
5 days ago 1 min read

Polygon Partners With Deutsche Telekom To Boost Blockchain Adoption

Polygon, a leading Ethereum scaling solution, has announced that Deutsche Telekom, Europe’s largest telecommunications provider, will join its PoS Chain as a validator. The partnership will see Deutsche Telekom provide staking and validation services for Polygon’s PoS Chain, as well as for its Supernets platform. Supernets allow enterprises and applications to launch application-specific blockchains on Layer 3 while retaining the security guarantees of Ethereum. The addition of Deutsche Telekom to Polygon’s validator network is a major coup for the project. Deutsche Telekom is a well-respected company with a deep understanding of the telecommunications industry. Its participation in the Polygon network

Minswap DEX
5 days ago 1 min read

Minswap DEX Hits New All-Time High Daily Trading Volume, Fueled by Meme Coin Trading

Minswap, a decentralized exchange (DEX) operating on the Cardano blockchain, has hit a new all-time high daily trading volume of $20.93 million. The surge in trading volume is being attributed to a number of factors, including the growing popularity of meme coins on Cardano. Meme coins are a type of cryptocurrency that is typically based on a popular internet meme or joke. They have become increasingly popular in recent months, with some meme coins, such as Dogecoin and Shiba Inu, seeing their prices soar. Minswap is one of the most popular DEXes on Cardano, and it offers a variety of

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